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93-Unit Senior Housing Community

315 Walnut St Waterloo, IA 50703

315 Walnut St, Waterloo, IA, 50703
$3,200,000
For Sale
Claim this Listing
$3,200,000

MULTI_FAMILY - Waterloo, IA

Lot Size1.16 Acres
AddedFeb 27
Days on Market138
Last RefreshJul 15 at 7:06 pm

Property Features for 315 Walnut St

General Information

Property type
Residential Multi Family
Property subtype
Apartment
Zoning
R-3
Parking features
On Street
Standard status
Active
APN
891324309001
Lot size
1.16 Acres

Taxes and HOA fees

Tax Description
"See BHC Abstract" Includes Two Parcels #891324306024 #891324309001
Tax Annual Amount
61285

Utilities

Sewer type
Public Sewer
Heating system
Steam
Cooling system
Window Unit(s)
Water source
Public

Building Details

Year built
1922
Number of units
93
Building materials
Brick
Roof type
Membrane

Listing agent Richard Lockard

Listing office Realty ONE Group Movement 100 E. 2nd Street Suite #206, Cedar Falls, IA

Listing date Feb 27, 2026

MLS# 20260804 Listing URL

Copyright © 2026 Northeast Iowa Regional Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Investment Insights

Based on property information with market context.

This well-maintained senior housing community offers a total of 93 units. The property is marketed as Walnut Court Senior Housing, and a pro-forma is available for review. Zoning is listed as R-3.

The community is located downtown in Waterloo, Iowa at 315 Walnut St (Black Hawk County). The site covers 1.16 acres, and the listing positions the asset as stabilized, with strong historical occupancy and consistent cash flow.

For parties evaluating the opportunity, the seller’s available documentation includes the provided pro-forma, supporting underwriting of the property’s operating performance.

Key Highlights

  • 93‑unit senior housing community in downtown Waterloo, IA
  • Built in 1922 with brick construction
  • Steam heating; window unit(s) cooling

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Walnut Court Apartments Apartment Building

Suggested Use

Electrical Service Locksmith Catering Service Home Appliance Store Butcher Acupuncture (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Storage Facility Skin Care Clinic

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Senior housing / Retirement Home - Well-maintained 93-unit senior housing community in downtown Waterloo, Iowa, offered for sale with pro-forma available.
Where is this senior housing / retirement home located?
The property is located at 315 Walnut St Waterloo, IA.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: 93‑unit senior housing community in downtown Waterloo, IA; Built in 1922 with brick construction; Steam heating; window unit(s) cooling
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